August will be a “very interesting” period for cryptocurrencies in general, according to Altcoin Daily’s Aaron Arnold. However, there are four tokens for an Expert Advisor that will “explode” during this period: , , , e …
According to the analyst, how This continues to grow, the altcoin market will benefit as well.
Bitcoin will undoubtedly rise to $ 45,000
Aaron Arnold believes that Bitcoin’s 50% crash since February is a “consolidation crisis.” “Bitcoin is breaking through,” he defends.
According to the analyst, the rise of some stablecoins in recent weeks, such as Tether, is a prerequisite for Bitcoin’s growth. “This is what has happened in the past, as long as stablecoins are growing, Bitcoin will also increase in value,” he says.
Other analyzes of the specialized platform Investing even indicate that the cryptocurrency could reach $ 45,000 “without a doubt” (37,910 euros), if this happened, it would be an increase of 13% from the current price of 32,866.36 euros. …
Bitcoin has already suffered a fall of more than 50% since the beginning of the year, 36% in May alone, the largest monthly jump recorded by a token since 2011.
The drop was sponsored by a “push” from Tesla CEO, who reversed the decision “for environmental reasons” after announcing in March that the auto giant would accept bitcoin as a form of payment.
This negative move was also helped by the Chinese authorities, which tightened control over Chinese cryptocurrency mining and trading companies, which account for about 65% of the world’s bitcoin mining, is a clear response to Deputy Prime Minister Liu He’s call published last week during number two. Beijing called for “fighting bitcoin speculation and trading.”
Ethereum rises to $ 2,800
Arnold is also optimistic about the world’s second-rated cryptocurrency, Ethereum. One reason for this optimism is that the supply of ETH on exchanges has dropped from 30 million to 20 million.
In addition, the analyst also highlighted two news from the past few weeks that could drive up the price of Ethereum. First, the network exceeds 200,000 validators and € 12.6 billion is “locked” in ETH 2.0.
The second concerns the launch of NFT Coca-Cola on the Ethereum platform, OpenSea. According to Investing, the proceeds from this action will be donated to charity.
According to the platform, Ethereum can play at $ 2,800 (€ 2,360) until the end of August.
The world’s second-highest digital currency surged 16% to € 1972.02 last week, according to CoinCap data.
Uniswap on track to double the price
Third, Arnold singled out Uniswap (UNI) as an altcoin, a currency built on one platform from another. For a specialist, it is possible that by the end of August the current value will double. The analyst justifies his decision by the fact that the currency already has more than 2.5 million users, which corresponds to more than 80% of all DeFi users.
In addition, UNI’s market share was 63.8%.
The token is currently trading at € 16.40, according to information provided by CoinCap. Arnold hopes that the cryptocurrency will reach 33.71 euros by the end of August.
Elrond
In fourth place is Erlond (EGLD), which is about to launch a decentralized exchange (DEX) Maiar. As the analyst emphasized, this will be one of the largest releases in the Elrond ecosystem.
EGLD is currently worth € 72.07, which increased its price by 11.5% last week, according to the CoinCap chart.
